There is little to no detail to assist in forecasting fy14.first...

There is little to no detail to assist in forecasting fy14.

first half 13 was 26.5 with guidance for the second half expected to be the same so a fullyear of 53

now guidance is 45 only about 4 months later so I assume the issues have occurred in the past month or 2

2 views:
1- if the 1st 3 months of 2nd half were good then earnings would have been 13.25 which means the 2nd 3 months 4.25 was earned. if the issues remain through fy14 only 17 will be earned

2- if the 1st 4 months were good then would have earned 17.5 thus the final 2 months will be flat. bigger problem if issues continue through fy14

given that timing of the announcement and the lack of detail I'm leaning to view 2 but believe the impact will be limited to q1 of fy14. all speculation though